Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  InterContinental Hotels Group PLC       GB00B85KYF37

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

InterContinental Hotels Group PLC : IHG's first hotel announced in Rayong, Thailand

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/15/2013 | 07:32am CET
15 July, 2013 IHG's first hotel announced in Rayong, Thailand

Bangkok, Thailand, 15 July: InterContinental Hotels Group (IHG), one of the world's largest hotel companies, and Felicity Asset Co. Ltd have signed an agreement to build Holiday Inn & Suites Rayong City Centre, the first IHG property in Rayong.

The 300-room property will be situated in the heart of Rayong's city centre adjacent to the Laemtong Shopping Mall. It is conveniently located close to ten of Thailand's major industrial parks including the Eastern Seaboard Industrial Park and Map Ta Phut Industrial Park.

Holiday Inn & Suites Rayong City Centre will be the first international branded hotel in Rayong's city centre. The hotel offers a combination of 240 guest rooms and 60 suites tailored to guests staying for longer periods. Other facilities include an all day-dining restaurant, a rooftop signature restaurant and bar, meeting facilities, swimming pool, pool bar and fitness centre.

Pattamaporn Nokhong, Managing Director, Felicity Asset Co. Ltdsaid: "Rayong attracts a large number of business travellers due to its close proximity to some of Thailand's major industrial parks. The hotel, situated in the middle of the city centre, is a perfect location for those staying overnight or longer. The Holiday Inn brand, known for its comfort, convenience and value was definitely the right choice for this rapidly expanding city."

Rayong is considered as the industry hub of Thailand with strong infrastructure that provides plant and factory space to many global companies. The area has the highest GDP per capita in the Kingdom.

Clarence Tan, COO South East Asia and Resorts, IHGsaid: "Holiday Inn & Suites Rayong City Centre will be the first internationally branded hotel in Rayong's City Centre giving guests' piece of mind that they will have a consistent quality experience and the level of comfort which Holiday Inn is renowned for."

Holiday Inn & Suites Rayong City Centre is the first IHG hotel in Rayong. It joins the 16 existing IHG hotels in Thailand which includes 9 Holiday Inn properties.
- END -

Media Enquiries:
U-lynn Lee
Ogilvy PR Singapore
Office: +65 6213 6950
Email : [email protected]

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.

IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 73 million members worldwide. The programme was relaunched in July 2013, offering enhanced benefits for members including free internet across all hotels, globally.

IHG franchises, leases, manages or owns over 4,600 hotels and more than 674,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERCONTINENTAL HOTELS GR
12/15 INTERCONTINENTAL HOTELS : IHG Debuts Staybridge Suites in Asia Pacific
12/14 INTERCONTINENTAL HOTELS : IHG® debuts Staybridge Suites in Asia Pacific
12/13 INTERCONTINENTAL HOTELS : & Resorts named World's Leading Hotel Brand 2017 for t..
12/13 INTERCONTINENTAL HOTELS : opens fourth Holiday Inn Express in Bangkok
12/13 INTERCONTINENTAL HOTELS : joins Movement To Work
12/13 INTERCONTINENTAL HOTELS : IHG Joins Movement to Work
12/13 INTERCONTINENTAL HOTELS : & Resorts Named World's Leading Hotel Brand 2017 for 1..
12/12 INTERCONTINENTAL HOTELS : IHG® joins Movement To Work
12/12 INTERCONTINENTAL HOTELS : IHG Debuts in Varanasi With Signing of Holiday Inn, Cr..
12/12 INTERCONTINENTAL HOTELS : IHG Expands Presence in Muscat With Second Crowne Plaz..
More news
Financials ($)
Sales 2017 1 793 M
EBIT 2017 754 M
Net income 2017 461 M
Debt 2017 1 741 M
Yield 2017 1,77%
P/E ratio 2017 25,58
P/E ratio 2018 23,22
EV / Sales 2017 7,49x
EV / Sales 2018 7,07x
Capitalization 11 689 M
Technical analysis trends INTERCONTINENTAL HOTELS GR
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 22
Average target price 53,8 $
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Keith Barr Chief Executive Officer & Director
Patrick Jean-Pierre Cescau Non-Executive Chairman
Paul Edgecliffe-Johnson Chief Financial Officer & Director
Eric Pearson Chief Information Officer & Executive VP
Dale F. Morrison Senior Independent Non-Executive Director
Sector and Competitors